• Journal of Korean Society of Industrial and Systems Engineering
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• v.30 no.3
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• pp.165-173
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• 2007

A space launch vehicle system represents a typical example of large-scale multi-disciplinary systems, consisting of subsystems such as mechanical structure, electronics, control, telecommunication, propulsion, material engineering etc. A lot of cost is required to develop the launch vehicle system. A precise planning of R&D cost is very essential to make a success of the launch vehicle development program. Especially in the early development phase of a new space launch vehicle system, cost estimation techniques and analogy from past similar development data are very useful methods to estimate a development cost of the launch vehicle system. Now Korea Aerospace Research Institute is in charge of the KSLV-I (Korea Space Launch Vehicle-I) Program that is a part of Korea National Space program. KSLV-I Program is a national undertaking to develop launch capabilities to deliver science satellites of a 100kg-class into a low earth orbit. It is hereafter, going to plan to develop a new korean space launch vehicle. In this paper, first the development costs of well-known launch vehicles in the world are presented to provide a reference to make a development plan of a new launch vehicle. Second this paper introduces the present status of cost estimation applications at NASA. Finally this paper presents the results from application of a TRANSCOST, a parametric cost model, to derive a cost estimate of a new launch vehicle development, as an example.

• Architectural research
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• v.7 no.1
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• pp.11-18
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• 2005

In today's building industry the emphasis has been geared more towards construction, thus building maintenance and life cycle have been neglected until now. A direct result of this neglect is the rapid aging of building, which leads to more cost-effective decision making methods for the prolongation of building life span. The following study is conducted in the area of Daegu and Seoul in order to develop the estimation analysis method of the annual operation cost of the Korean high-rise condominiums for the cost-effective decision making support through mathematical and statistical analyses including the present value and standardized measurement corrections. Based on the assumption that the life expectancy of the high rise condominium is 50 years, initial cost is ￦421,212/$m^2$, and a total sum of yearly operation cost during life expectancy is ￦2,154,499//$m^2$), yearly accumulated operation cost is shown as below: $AOC=0.7097t^4-38.803t^3+806.95t^2+11045t-496.52$ ($R^2=0.98$) (Here, AOC = Accumulated Operation Cost, t = given years)

• International conference on construction engineering and project management
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• 2017.10a
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• pp.133-137
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• 2017

Nuclear power plants in Korea are usually built based on a duplicated model; so the project cost data of the preceding unit can be used as reference when estimating the project cost for the succeeding unit. However, since the contracting method is oriented towards the price, empirical factors such as making top-down estimations using the reverse calculation method based on the completion cost of the preceding unit is dominant. In order to develop a project cost database to resolve such problems, the detailed cost boundary of the project cost data must be categorized by project and by system. This study proposes a method to connect the code of account with the base quantities and the IAEA account, and proposes a database structure for the development of a project cost estimation system. The estimation system developed in the future is expected to utilize the proposed project cost data structure.

• Knowledge Management Research
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• v.6 no.1
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• pp.19-32
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• 2005

The reliability of technology valuation depends on, among other things, the reliability of the discount rate estimate. The weighted average cost of capital, generally accepted as discount rate, consists of cost of equity and cost of debt. The model used to estimate the cost of equity for publicly traded firms can not be used directly for small-sized venture firms. In addition, the estimation of cost of debt become very difficult, given the limited and volatile price history, because these small-sized venture firms do not have associated credit ratings. Since two kinds of cost of capital for the small-sized venture firms can not be estimated directly from market data, this study suggests statistical frame works for estimating unknown two kinds of cost of capital. The estimates of underlying cost of capital will help determine the size of appropriate discount rate with logical and scientific way when the technology valuation for small-sized venture firms is made. This study also suggests the necessity of the risk premium for the technology competitiveness to improve the estimation of the appropriate discount rate for small-sized venture firms.

• Journal of Korean Society of Steel Construction
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• v.23 no.5
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• pp.557-568
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• 2011

To effectively come up with and secure a national budget, it is very important to estimate the reasonable construction cost of each step in public construction projects. In this study, the approximate construction cost of a steel box girder bridge in the early stages of the project, on which available information is limited, was proposed using case-based reasoning. In addition, construction cost estimation models were used for existing sample design models, and the accuracy of the estimation model for the presented cost was verified. The analysis results showed that the error rate was comparatively stable. Therefore, it is expected that construction cost estimation will be effectively suggested in the country's budget preparation.

• International Journal of Internet, Broadcasting and Communication
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• v.15 no.2
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• pp.218-226
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• 2023

In Korea, we still use function point based cost estimations for software size and cost of a project. The current problem is that we make difficultly calculating function points with requirements and also have less accurate. That is, it is difficult for non-experts to analyze requirements and calculate function point values with them, and even experts often derive different function points. In addition, all stakeholders strongly make the validity and accuracy of the function point values of the project before /after the development is completed. There are methods for performing function point analysis using source code [1][2][3][4] and some researchers [5][6][7] attempt empirical verification of function points about the estimated cost. There is no research on automatic cost validation with source code after the final development is completed. In this paper, we propose automatically how to calculate Function Points based on natural language requirements before development and prove FP calculation based on the final source code after development. We expect validation by comparing the function scores calculated by forward engineering and reverse engineering methods.

• The KIPS Transactions:PartD
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• v.13D no.6 s.109
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• pp.815-822
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• 2006

It is very important that they accurately predict the software development cost in the early stage of a software development. Because cost estimations are required when bidding for a contract or determining whether a project is feasible in terms of a cost-benefit analysis. The criterions of the software cost estimation was set up to calculate software development cost more exactly, which is applied to made up a budget of the software business or to calculate a suitable cost to start the business in our country. However, as the software technology and environment are changing very rapidly, it need to enhance the criterion of the cost estimation continuously. Therefore, we tried to apply technology of software and a variety of factors of environment changes in present. Most of all, we proposed an introduction and readjustment of the adjustment factor applying 14 general system characteristics to improve the accuracy of the cost estimation and the schedule adjustment factor that is required by practicians. For evaluating the accuracy in terms of the real data, we have used MMRE & PRED. In result, we proved that the accuracy was clearly improved by applying the scale factor and readjusted VAF with 14 general system characteristics. Moreover, we evaluated the accuracy of the schedule adjustment factor.

• 시스템엔지니어링워크숍
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• s.1
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• pp.54-59
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• 2003

A parametric cost estimation has a somewhat problem in the application of Korean defence acquisition program environment. In this paper, it is presented the solution suitable in the environment. The analysis is performed to the PRICE model and Korean defense industry cost accounting. Then, the scheme to solve such problems is presented is terms of data management and appropriate for usage.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.22 no.50
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• pp.231-241
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• 1999

Recent market competition forces the price to be determined in the design stage so that the design would meet the target price of the product. However, most commercial PDM(Product Data Management) systems currently in use lack such a cost estimation function. In this paper, we propose detailed structure and functions of a new approach to estimate the cost of new products using integrated BOM in PDM. Such system will reduce the total life cycle cost of the products to be designed.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.05a
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• pp.333-336
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• 2012

In modern Construction Industry, as accumulation of capital and improvement of technology skills, buildings are becoming higher and more enormous, also the portion of steel works has been increasing. In addition, it is necessary to predict the optimum level of construction cost in a reasonable way. The composition of construction is direct construction cost, indirect construction cost and so on. However, it is not enough to study about indirect construction cost rather than direct construction cost. In this study, the state of productivity and indirect construction cost are analyzed in the steel production. As a result, the productivity and ratio of indirect cost in steel plant by inserted per 1ton are suggested.